financetom
Market
financetom
/
Market
/
JPMorgan Equity Markets Revenue Surges to $3.81 Billion in Q1; Boosts Net Reserve Build to $973 Million Amid Market Volatility
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
JPMorgan Equity Markets Revenue Surges to $3.81 Billion in Q1; Boosts Net Reserve Build to $973 Million Amid Market Volatility
Apr 11, 2025 5:59 AM

08:37 AM EDT, 04/11/2025 (MT Newswires) -- JPMorgan Chase & Co ( JPM ) reported $3.81 billion in Q1 revenue from its stock trading division, up 48% from a year earlier and up 87% compared with the previous quarter.

The bank recorded a provision for credit losses of $3.3 billion and a net reserve build of $973 million, including $549 million in wholesale and $441 million in consumer, citing "changes in the weighted-average macroeconomic outlook." The prior-year provision was $1.9 billion and the net reserve release was $72 million. Three Analysts surveyed by FactSet expected a reserve build of $85.7 million.

Commenting on the bank's financial results, chief executive officer Jamie Dimon said the "economy is facing considerable turbulence (including geopolitics), with the potential positives of tax reform and deregulation and the potential negatives of tariffs and 'trade wars,' ongoing sticky inflation, high fiscal deficits and still rather high asset prices and volatility."

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Social Buzz: Wallstreetbets Stocks Mixed Premarket Friday; Rocket Lab USA to Advance, DexCom to Decline
Social Buzz: Wallstreetbets Stocks Mixed Premarket Friday; Rocket Lab USA to Advance, DexCom to Decline
Nov 3, 2024
06:44 AM EDT, 10/25/2024 (MT Newswires) -- The most-talked-about stocks in the Reddit subforum Wallstreetbets were mixed hours ahead of Friday's opening bell. Rocket Lab USA ( RKLB ) was up 2.5% premarket, after closing Thursday with a 2.6% increase. AST SpaceMobile ( ASTS ) advanced by 1% in pre-bell hours, swinging from a 4.5% decline at Thursday's close. Microsoft...
US STOCKS-Futures gain as Treasury yields fall; Tesla slips
US STOCKS-Futures gain as Treasury yields fall; Tesla slips
Nov 3, 2024
(For a Reuters live blog on U.S., UK and European stock markets, click or type LIVE/ in a news window.) * Futures up: Dow 0.19%, S&P 500 0.24%, Nasdaq 0.28% Oct 25 (Reuters) - U.S. stock index futures edged higher on Friday, with a decline in Treasury yields offering some relief to equities despite a drop in Tesla, although all...
Deckers Outdoor shares dash ahead on surging demand for Hoka shoes
Deckers Outdoor shares dash ahead on surging demand for Hoka shoes
Nov 3, 2024
(Reuters) - Deckers Outdoor ( DECK ) shares jumped about 15% in premarket trading on Friday after the shoemaker raised its annual sales forecast and beat second-quarter expectations, on resilient demand. Trendy and innovative brands such as Hoka, UGG, New Balance and Roger Federer-backed On are a hit among consumers, especially in the running category, and has eaten into the...
CEE MARKETS-Currencies down, under pressure from stronger dollar
CEE MARKETS-Currencies down, under pressure from stronger dollar
Nov 3, 2024
By Anna Wlodarczak-Semczuk WARSAW, Oct 25 (Reuters) - Central European currencies were weaker on Friday, under pressure from a stronger dollar as traders bet that the U.S. Federal Reserve will slow rate cuts and amid uncertainty about the upcoming U.S. presidential election. Hungary's forint was trading 0.3% lower on the day at 403.8 per euro at 0824 GMT, its lowest...
Copyright 2023-2025 - www.financetom.com All Rights Reserved